CVX - Chevron Corporation

NYSE - NYSE Delayed Price. Currency in USD
-2.09 (-1.73%)
At close: 4:03PM EST

118.70 +0.15 (0.13%)
After hours: 5:49PM EST

Stock chart is not supported by your current browser
Previous Close120.64
Bid118.46 x 1800
Ask118.31 x 800
Day's Range118.14 - 120.00
52 Week Range100.22 - 127.34
Avg. Volume5,436,873
Market Cap224.163B
Beta (3Y Monthly)0.99
PE Ratio (TTM)17.01
EPS (TTM)6.97
Earnings DateJan 30, 2020 - Feb 3, 2020
Forward Dividend & Yield4.76 (3.95%)
Ex-Dividend Date2019-11-15
1y Target Est136.58
  • The Zacks Analyst Blog Highlights: Chevron, HSBC, Sanofi, Sony and Moody's

    The Zacks Analyst Blog Highlights: Chevron, HSBC, Sanofi, Sony and Moody's

    The Zacks Analyst Blog Highlights: Chevron, HSBC, Sanofi, Sony and Moody's

  • Financial Times

    US state carbon credit prices hit record highs

    California’s low-carbon fuel standard (LCFS) credit was at a record in September and October, the state said last week, at more than double the price two years ago. A credit in the neighbouring state of Oregon set a record in September that was close to four times the price two years ago. “If you are selling renewable fuels anywhere in the world, the best place to sell them for your return is in California and Oregon,” said Terry Kulesa, chief executive of Red Rock Biofuels, which converts tree branches, bark and other sawmill residues into renewable fuel that qualifies for the states’ carbon credits.

  • Top Stock Reports for Chevron, HSBC & Sanofi

    Top Stock Reports for Chevron, HSBC & Sanofi

    Top Stock Reports for Chevron, HSBC & Sanofi

  • U.S. Oil Producers Churn Out Unprecedented Level of Oil

    U.S. Oil Producers Churn Out Unprecedented Level of Oil

    The federal government's EIA report revealed that domestic crude production climbed to yet another record high of 12.8 million barrels per day.

  • The Risks Surrounding Saudi Aramco’s IPO

    The Risks Surrounding Saudi Aramco’s IPO

    Saudi Aramco shares will go public early next month, but potential investors will have to evaluate several unique risks.

  • 3 Pros, 3 Cons to Buying Plug Power Stock as World Pivots from Fossil Fuels

    3 Pros, 3 Cons to Buying Plug Power Stock as World Pivots from Fossil Fuels

    In recent years, the investment community has focused significant attention on alternative energy companies for obvious reasons. From both a geopolitical standpoint as well as an environmental one, clean energy solutions simply find wide appeal. However, not every player in this sector is equal, as Plug Power (NASDAQ:PLUG) and PLUG stock demonstrates.Source: Shutterstock In many ways, Plug Power stock is an enigma. It has tremendous potential because the world seeks a pivot away from fossil-fuel energy sources. Moreover, the company has inked some impressive deals with big league organizations. Yet PLUG stock is nothing short of speculative. For a brief moment, shares were once trading in four-digit territory.Now, the tables have clearly turned. Plug Power stock barely avoided sinking deeper into ignominy when it produced its third quarter 2019 earnings report. But again, the results were frustratingly mixed, just like the equity: the hydrogen fuel specialist met analysts' for per-share profitability (a loss of 8 cents) but failed to deliver on the top line (revenue of $56.4 million against an expected $59.2 million).InvestorPlace - Stock Market News, Stock Advice & Trading TipsInterestingly, Tesla (NASDAQ:TSLA) CEO Elon Musk has labeled hydrogen fuel cell vehicles - Plug Power's bread and butter - "mind-bogglingly stupid." And from a traditional angle, I can understand why he said that. If you look at the financial picture for PLUG stock, it's not pretty. Plus, the ugliness leaves shares vulnerable to equity dilution if the company meets unforeseen challenges. * 7 Stocks to Sell Before They Roll Over Yet we all know that Plug Power stocks is super risky. The question is, how viable is the longer-term growth picture? Here are three pros and cons for PLUG that should help you decide: Pro 1: Unlimited Fuel for PLUG StockOne of the major headwinds clouding big oil firms like Exxon Mobil (NYSE:XOM) or Chevron (NYSE:CVX) is that they're levered to finite resources. Hence, over the past several years, we've read stories about peak oil. Even if some of the most macabre doom-and-gloom forecasts don't pan out, the fact is, we have limited oil resources.You absolutely cannot say the same thing about hydrogen: it's the most abundant element not just on earth but in the universe. When we start colonizing Mars and other planets, you'd imagine that we'll use hydrogen-based vehicles.Of course, I'm talking about stuff well into the future. For the here and now, because hydrogen is so abundant, we won't have to deal with OPEC or other unfavorable characters. That's a huge plus for PLUG stock. Pro 2: Hydrogen Refueling is Almost Like Pulling up to the PumpWithout question, the underlying technologies behind electric vehicle companies like Tesla or Nio (NYSE:NIO) are remarkably compelling. But a huge drawback of EVs is that they take too damn long to refuel or more accurately, recharge.Right now, the quickest charging station can charge your EV from empty in about 30 minutes. And we're not talking a full recharge either. Rather, this quickest draw of the electric West will get you to approximately 80% capacity. * 7 Large-Cap Stocks to Give a Wide Berth We live in an on-demand economy where virtually everything operates at break-neck speeds. So how, pray tell, are we going to expect Americans to wait half-an-hour to recharge their EVs?On the other hand, hydrogen vehicles will get you in and out at the refueling station in roughly five minutes. That's almost on par with refueling a big, fossil-fueled SUV, thus not requiring a mass-scale societal shift.Of course, this is a huge boost for Plug Power stock. Pro 3: Big SupportersHydrogen has a lot of detractors -- remember the Hindenburg? Despite valid concerns about hydrogen fuel cells, some huge names in the auto industry have backed this element.Specifically, both Toyota (NYSE:TM) and Honda (NYSE:HMC) have pegged hydrogen as the energy source of the future. And they're not paying mere lip service. Toyota is the largest hydrogen fuel cell car producer for the U.S. market, while Honda isn't too far behind.Plus, both companies have teamed up with a Royal Dutch Shell (NYSE:RDS.A, NYSE:RDS.B) subsidiary to develop hydrogen fueling stations in California. Considering that Plug Power has inked deals with major partners, this massive support is a tailwind for PLUG stock. Con 1: Isn't It Ironic?With hydrogen being the most-abundant element ever, you'd expect that hydrogen fuel provides economic relief for converted drivers. After all, Economics 101 dictates that excess supply should lead to lower demand (prices).But that's not what's happening in this market. Instead, hydrogen refueling costs are expensive, even pricier than gasoline prices on an apples-to-apples comparison. According to CNBC contributor Joe D'Allegro:"The average price for hydrogen fuel in California is about $16/kg -- gasoline is sold by the gallon (volume) and hydrogen by the kilogram (weight). To put that in perspective, 1 gal of gasoline has about the same amount of energy as 1 kg of hydrogen. Most fuel cell electric cars carry about 5 kg to 6 kg of hydrogen but go twice the distance of a modern internal combustion engine car with equivalent gas in the tank, which works out to a gasoline-per-gallon equivalent between $5 and $6."This is where EVs clearly win out. And it's also where standard gasoline-powered vehicles emerge victorious, which is negative for PLUG stock. Con 2: Infrastructure Limits Plug Power StockCalifornia, where you'd expect the alternative fuel to be popular, has only 39 hydrogen refueling stations, with another 25 due to soon appear on the map. That's not nearly enough to satisfy driving demand, especially if hydrogen-powered cars proliferate.But thanks to California green initiatives, the state has a plan to develop 200 hydrogen stations by 2025. While that would be a 413% lift from current numbers, it still wouldn't be nearly enough. * 7 Great High-Yield Stocks With Payouts Over 5% There are over 12,000 gasoline stations in California and that number could easily grow considering the state's population growth. Therefore, 200 hydrogen fueling stations would only cover less than 2% of existing gasoline infrastructure.With such limited coverage, it's hard to imagine hydrogen cars being anything more than niche vehicles for the rich. Con 3: Hydrogen-Powered Cars are ExpensiveIt's not just the refueling costs that are expensive; the cars themselves are available only to the rich. As D'Allegro wrote:The biggest problem: The cars remain expensive. Nexo, for instance, is the most expensive Hyundai on sale in the U.S., with a starting price of $59,345 (starting prices for the brand's comparably-sized Santa Fe start at $24,250). The Toyota Mirai and Honda Clarity fuel cell models have a similar MSRP in the $59,000 range. These car purchases are eligible for government rebates -- in California there is a $5,000 tax rebate available.Among other factors, most folks will likely pay for a high-end, gas-powered luxury car than an essentially experimental hydrogen car. Further, cost accessibility is an issue that could impact the vulnerable PLUG stock.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Stocks to Buy Under $10 * These 10 Stocks to Buy Make the Perfect 'Retirement' Portfolio * 5 Streaming Stocks to Buy for Huge Upside Over the Next Decade The post 3 Pros, 3 Cons to Buying Plug Power Stock as World Pivots from Fossil Fuels appeared first on InvestorPlace.

  • Thomson Reuters StreetEvents

    Edited Transcript of CVX earnings conference call or presentation 1-Nov-19 3:00pm GMT

    Q3 2019 Chevron Corp Earnings Call

  • 10 Dividend Aristocrats Expected to Deliver Big Gains in 2020

    10 Dividend Aristocrats Expected to Deliver Big Gains in 2020

    Serial dividend raisers, such as the Dividend Aristocrats, are beloved by income hunters. Remember: A steady payout is only half of the formula for successful income investing. The big returns come over time, from regular dividend increases, which lift the yield an investor receives on his or her original cost basis.But while these dividend-hiking stalwarts usually aren't known for their hot growth prospects, a few are indeed poised to outperform in 2020.To find price upside among dependable dividend stocks, we started with the Dividend Aristocrats. For the uninitiated, the Aristocrats are an index of 57 S&P; 500 companies currently that have raised their payouts annually for at least 25 years.Next, we calculated the implied upside for all 57 Aristocrats based on analysts' average price targets. A price target is the level at which analysts forecast a stock will trade at some point in the future, typically 12 months out.After running the numbers, we were left with 10 Dividend Aristocrats that offered projected upside of at least 10% in the year ahead. Add in the contributions from their dividends, and these primarily defensive stocks may deliver significant offense in 2020. SEE ALSO: 14 High-Yield Dividend Stocks to Buy for the 4% Rule

  • 14 High-Yield Dividend Stocks to Buy for the 4% Rule

    14 High-Yield Dividend Stocks to Buy for the 4% Rule

    Financial planners often recommend the 4% rule as a guideline for determining the annual amount that a retiree can withdraw from portfolios without depleting their nest egg over a 30-year retirement. And high-yield dividend stocks are a critical component of executing this strategy.Financial adviser William Bengen devised the 4% rule after evaluating stock and bond data across several decades and discovering that a pattern of 4% yearly withdrawals provided reasonable security without bleeding a portfolio dry for at least 30 years, even through occasional market downturns.The concept is simple: Draw down 4% of the portfolio value in the first year of retirement, then a matching amount (adjusted for inflation) in each subsequent year. Bengen himself later updated the number from 4% to 4.5%.It's a good starting point for planning a comfortable retirement, but investors must consider a couple factors when applying it. For instance, the 4% rule doesn't account for big one-time purchases that might push your spending growth above the rate of inflation. It also assumes future market performance will resemble past results.That said, income from your investments can count toward that amount, so if you draw a high (and preferably growing) yield from your portfolio, it means you'll only need minimal price appreciation to remain on track.Here are 14 high-yield dividend stocks to buy that yield 4% or more. These picks have other qualities that are beneficial to retirees, too - some feature much lower volatility than the broader market, and many are consistent dividend raisers whose payouts may keep up with or even outrun inflation. SEE ALSO: 20 Dividend Stocks to Fund 20 Years of Retirement

  • Amid Changes, Continue to Treat BP Stock as a Dividend Play

    Amid Changes, Continue to Treat BP Stock as a Dividend Play

    BP (NYSE:BP) stock remains steady as the company transitions to a new CEO. The problem is that has remained too steady.Source: JuliusKielaitis / The stock has seen little movement in the nine years Bob Dudley has served as CEO. Mr. Dudley took over in the midst of the Deepwater Horizon oil spill that devastated both the stock and the company dividend. * 7 Tech Stocks to Buy for the Rest of 2019 As leadership transitions to incoming CEO Bernard Looney in February, investors may credit Mr. Dudley with saving the company. However, stockholders have seen almost no profits in that time other than the dividend payments. Now, as new leadership takes over and as BP finally escapes the liabilities of the oil spill, many wonder if they can finally look forward to gains in BP PLC stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Oil Spill Turned BP Into a Dividend StockFor the last few years, BP stock has generated little excitement and considerable dividends. The company paid $3.36 per share in yearly dividends before the oil spill. At the current $2.46 per share in annual payouts, it still has not caught up to that level. However, it has risen steadily since management cut the payout.The company's dividend yield currently stands at an impressive 6.2%. Ian Bezek also makes a great point that shareholders do not pay foreign taxes on dividends from British companies. This is a bonus to holding shares in the company formerly known as British Petroleum.The problem involves a seemingly immovable stock price. BP traded at $38 per share when Bob Dudley took over as CEO in 2010. As Mr. Dudley prepares to step down, the equity trades at around $39.50 as of the time of this writing. For this reason, investors should probably continue to view BP stock primarily as an income play. Here's why. The Case For and Against BP StockNew leadership and the prospects for higher demand beg the question of whether investors need to buy BP stock for gains. In that area, I do not feel so optimistic.Admittedly, BP stock bulls have a reasonable argument. Although profits will fall this year, analysts forecast average annual earnings growth of 31.5% per year over the next five years. If this comes to pass, BP stock will again become a growth play. Moreover, countries such as China and India have an ever-increasing need for oil. The need should increase further once a U.S.-China trade deal becomes a reality.However, investors also have good reason to mistrust such a rosy forecast. Companies such as ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX), like BP, have seen profits fall over the last year. So bad is the problem that Chesapeake Energy (NYSE:CHK) now questions its ability to stay in business.West Texas Intermediate crude currently trades at about $57 per share. While most would not consider this "low," oil prices have struggled to gain traction in recent years as production levels in the Permian Basin have kept prices in check.The oil discovery in Iran will probably not help matters. The Iranian government claims it has discovered 53 billion additional barrels of oil. Despite sanctions, this likely helps to keep a lid on prices. When one figures-in the increasing importance of alternative energy, I see little reason to believe demand will rise enough to take the price of BP stock with it. The Bottom Line on BP PLC StockAmid a change in leadership, investors should continue to look at BP stock as an income play. BP should remain a good buy for dividend investors. The $3.05 per share in predicted profits will cover the $2.46 per share in dividends. The question is whether the equity can offer more.BP stock has seen little net price growth in nine years. Moreover, output continues to stay ahead of forecasted demand growth, indicating prices will fall. Despite this, analysts continue to hold to optimistic forecasts of long-term profit growth.Considering these conditions, I recommend BP stock only as a dividend play. I see the prospects for stock gains as mixed, but if they occur, see it as a bonus.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks to Buy for the Rest of 2019 * 7 Biotech Stocks to Buy With Plenty of Power in the Pipeline * 5 Stocks to Buy That Are Set for Monster Growth in 2020 The post Amid Changes, Continue to Treat BP Stock as a Dividend Play appeared first on InvestorPlace.


    Why Saudi Aramco Should Trade at a Discount to Exxon Mobil

    The oil giant’s attributes and drawbacks mean it should trade at a premium to emerging market competitors but a discount to Western oil companies, Bernstein analysts write.

  • Offshore Oil to Peak in 2020, Then Join Shale in Market Drop

    Offshore Oil to Peak in 2020, Then Join Shale in Market Drop

    (Bloomberg) -- Offshore oil production is expected to hit a peak in 2020 before joining the shale industry in a slowdown that could dramatically rewrite market supply predictions.A report by analysts at Sanford C. Bernstein & Co. sees projects in the Gulf of Mexico and off of South America significantly boosting output next year. After that, though, the odds drop for any further growth gains, the report found. Meanwhile, two well-known shale pioneers last month forecast a downturn ahead for their sector.Together, the warnings could signal a new era for a commodity that’s selling for about half the price reached just five years ago. The catalyst is a shareholder push for spending discipline. The result: Potentially a “tempting scenario” for investors where oil prices rise even as costs and demand fall, said Bob Brackett, a Bernstein report author.Three crude sources have seen substantive growth this century -- deepwater, shale and oil sands, according to Brackett. “The first peaks in 2020,” he wrote in an email. “The second peaks a few years later (and is slowing). And the future of oil sands is in question from a sustainability/CO2 impact.”The offshore industry has struggled to maintain growth since oil prices plunged to less than $30 a barrel in 2016 after reaching more than $100 in mid-2014.The high prices spurred a flurry of expensive projects between 2010 and 2014. But today those projects are “barely able” to generate value, according to industry consultant Rystad Energy, which evaluated offshore oil fields sanctioned since 2010 in an Oct. 30 report and ranked them by estimated value per barrel of oil.While newer deepwater projects are less expensive, they still take longer to develop than shale wells and they can’t compete on costs. Over the last few years, roughly $100 billion in spending has shifted to shale work as a result, according IHS Markit.Royal Dutch Shell Plc’s decision last month to pull the plug on a pair of projects in Kazakhstan because of their high costs points to offshore’s changing status. The latest example hit last week when Brazil failed to draw bids from the world’s oil majors in its auction of deep-sea deposits that could hold 15 billion barrels of oil, almost twice as much as Norway’s reserves.“The pipeline of things that have been discovered just won’t get sanctioned,” Brackett said.Shale industry pioneers Scott Sheffield, Pioneer Natural Resources Co.’s chief executive officer, and Mark Papa, who built Enron Corp. castoff EOG Resources Inc. into one of the world’s biggest independent oil explorers, are sounding the alarm on shale growth.Across the shale industry, output growth will slow next year, Sheffield said on Nov. 5. That will provide a boost for prices through the early 2020s, he said.“U.S. shale production on a year-over-year growth basis will be considerably less powerful in 2021 and later years than most people currently expect,” Papa said during an earnings call for Centennial Resource Development Inc., his current company.To be sure, both the shale and offshore sectors will continue to produce. Sheffield sees about 700,000 barrels a day being added next year in U.S. shale fields while the Energy Information Administration predicts daily production will expand by 910,000 barrels. Even that, though, would be half of last year’s increase.In early 2020, Exxon Mobil Corp. is expected to begin producing oil from deepwater wells off the coast of Guyana that have the potential to produce more than 6 billion barrels. Meanwhile, eight new projects are opening in the Gulf of Mexico this year and in 2020, according to an Oct. 16 report by the U.S. Energy Information Administration.Even so, the Gulf’s share of U.S. production overall is expected to shrink, the EIA report said, to about 15% from 23% in 2011. In 2014, the industry had 245 floating rigs working globally, according to Evercore ISI. Now there are less than half that number, and contractors are trying to manage through the downturn. Valaris Plc, one of the biggest owners of offshore rigs, announced Tuesday a new round of cost cuts adding up to at least $100 million as executives “fully recognize the continued pressures in the current market environment,” according to a statement.Some workers in the industry see few silver linings ahead.“The fracking technology has just opened up so much more oil,” said Chip Keener, a former manager of the global rig fleet for Transocean Ltd., the biggest owner of deepwater rigs. “Deepwater I think is going to be on the skids for a very long time.”(Updates with comment from Valaris in 15th paragraph.)To contact the reporters on this story: David Wethe in Houston at;Allison Mccartney in New York at amccartney5@bloomberg.netTo contact the editors responsible for this story: Simon Casey at, Joe Carroll, Carlos CaminadaFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • What Is A Dividend? Plus The 5 Best Dividend-Paying Stocks Now
    Investor's Business Daily

    What Is A Dividend? Plus The 5 Best Dividend-Paying Stocks Now

    What is a dividend and which companies have the best-yielding dividends? Read on for a primer on how best to approach this method of investing.


    Saudi Aramco’s IPO Prospectus Is Missing the Key Details

    Saudi Arabia is moving closer toward an initial public offering of Aramco, the state-owned oil company.

  • Credit Suisse Picks New Head of Struggling Investment Bank

    Credit Suisse Picks New Head of Struggling Investment Bank

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Credit Suisse Group AG’s investment bank chief stepped down, adding to months of turmoil at the top that started with the departure of its wealth management head and culminated in a spying scandal.Jim Amine decided to resign as chief executive officer of the investment banking and capital markets division and leave the executive board, taking the role as head of private credit opportunities based in New York. The bank appointed David Miller, a 22-year Credit Suisse veteran, to succeed Amine and join the executive board.The move is the third change at the top of the Swiss bank in less than five months, coming just weeks after the departure of Pierre-Olivier Bouee in the wake of a spying scandal and the abrupt exit of Iqbal Khan as head of the wealth-management unit in July. Amine’s division, which covers investment banking out of New York and London, reported its second quarterly loss of the year in the third quarter. Revenue for the nine months through September fell 27% from a year earlier to 1.24 billion francs.Slumping revenue at the investment banking and capital markets unit has become a growing issue for Chief Executive Officer Tidjane Thiam in recent quarters, while global markets trading -- a long-term straggler -- has made surprise profit gains. Following the bank’s earnings in late October, KBW analyst Thomas Hallett said that questions remain on the underperforming capital markets unit.The bank lost out this year as a string of deals collapsed or didn’t get off the ground, including the planned initial public offering of Swiss Re AG’s U.K.-based Reassure unit and Chevron Corp.’s abandoned bid for Anadarko Petroleum Corp. Still, the bank has managed to retain it’s global top 10 spot for mergers and acquisitions and it’s a global coordinator on Saudi Aramco’s mammoth share sale.Executive ReshuffleAmine steps down from the executive board after leading investment banking and capital markets for more than a decade. Eric Varvel, who is based in New York and heads Credit Suisse’s asset management business, was appointed chairman of the investment and capital markets unit and Harold Bogle will be the division’s vice chairman. Amine will report to Varvel in his new role, the bank said.Miller was most recently global head of credit and part of the leadership team at global markets, the bank’s main trading unit. Previously he was global head of leveraged finance capital markets and U.S. co-chief of the syndicated loan group.“I want to thank Jim Amine for his invaluable contributions in building our leading investment banking footprint over many years,” Thiam said in a statement. “His insight and knowledge across all aspects of investment banking have been, and will continue to be, of huge benefit to the firm.”Bouee, Thiam’s chief lieutenant at three companies for more than 10 years, stepped down as Credit Suisse’s COO last month after ordering detectives to shadow former wealth-management head Khan in a spying scandal that gripped Zurich financial circles. The bank’s internal investigation concluded that the CEO had no knowledge of the spying.(Adds analyst comment on results in fourth paragraph.)To contact the reporter on this story: Patrick Winters in Zurich at pwinters3@bloomberg.netTo contact the editors responsible for this story: Dale Crofts at, Ross LarsenFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • Financial Times

    Cambodian oil: the dream that refuses to die

    Cambodia’s most promising oil concession — is the dream that refuses to die. Like many of its neighbours in south-east Asia, Cambodia has received billions of dollars in investments and loans linked to Beijing’s Belt and Road infrastructure push. Oil exports could go some way towards putting the country on a stronger financial footing, including chipping away at a 12 per cent current account deficit.

  • Reuters

    Israel's Delek completes $2 bln purchase of Chevron's North Sea fields

    Israel's Delek Group said on Sunday its Ithaca subsidiary, which it plans to spin off via a London listing, completed a deal to buy most of Chevron's British North Sea oil and gas fields for $2 billion. Delek said the deal, backdated to Jan. 1, will quadruple Ithaca’s pro-forma production to 80,000 barrels of oil equivalent per day and raise the company's proven reserves by 150% to 225 million barrels. Delek, which is a partner in large natural gas projects off Israel's Mediterranean coast, paid $1.68 billion, with the rest coming from cash flow accumulated coming from the sale of oil and gas at Chevron's North Sea fields after the start of 2019.


    The Aramco IPO Isn’t a Great Deal for Investors

    If crude prices go up, a fat chunk of the gains would go to Saudi government, capping profits—and the dividend—available to investors.

  • Fed can no longer ignore the economic ‘shocks’ of climate change, Brainard says

    Fed can no longer ignore the economic ‘shocks’ of climate change, Brainard says

    Climate change poses just the kind of “shock” to the economy that she and colleagues can no longer just ignore, Federal Reserve Gov. Lael Brainard said Friday at a first-of-its-kind Fed summit in San Francisco.

  • The Top 5 Buys of T Boone Pickens' BP Capital

    The Top 5 Buys of T Boone Pickens' BP Capital

    Firm of the late oil tycoon releases 3rd-quarter portfolio Continue reading...

  • Reuters

    UPDATE 2-Baker Hughes' Venezuela office reopens after town orders "temporary closure"

    MARACAIBO, Venezuela/CARACAS, Nov 8 (Reuters) - Baker Hughes' western Venezuela office has returned to "regular operations," the company said on Friday, after a local government earlier ordered it closed due to the company's alleged failure to pay municipal taxes. Before sunrise on Friday morning, Orlando Urdaneta, mayor of the La Canada de Urdaneta municipality in oil-rich Zulia state, tweeted a photo of himself outside the office of the U.S. oil services firm announcing the closure, and issued a statement calling on the company to negotiate. "Baker Hughes is pleased to see that the matter has been moved to the normal judicial process and its facility has returned to regular operations," the company said.

  • MarketWatch

    Dow's nearly 75-point fall led by losses for shares of Exxon Mobil, Verizon Communications Inc.

    DOW UPDATE Behind declines for shares of Exxon Mobil and Verizon Communications Inc., the Dow Jones Industrial Average is falling Friday morning. Shares of Exxon Mobil (XOM) and Verizon Communications Inc.


    Occidental Stock Hits 14-Year Low on Fears of a Dividend Cut

    Occidental is weighed down by about $47 billion in debt, a result of its controversial $57 billion purchase of Anadarko Petroleum in August.

  • Dow Jones Today: Investors Wonder What Could Have Been

    Dow Jones Today: Investors Wonder What Could Have Been

    The Dow Jones Industrial Average closed in the green Thursday, adding 0.66%. But investors may be left thinking about what could have been because stocks opened noticeably higher before drifting lower over the course of the day.Source: Finviz As was the case on Wednesday, trade talks were in the spotlight today and the news was mostly encouraging amid reports that the U.S. and China are moving toward lifting tariff's on each others exports.According to the Boston Globe, "A U.S. official, who spoke on condition of anonymity, confirmed Thursday that an agreement to roll back tariffs would be part of phase-one deal." Bloomberg expanded upon this stating that "[t]he negotiations are ongoing and a time or place for any signing of a pact is yet to be determined."InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Buy-Rated Stocks With Dividend Yields Over 9% News of lifted tariffs should be rewarding for U.S. technology companies, many of which are trade-sensitive and depend on China as a major end market. Those headlines why six technology stocks were among the Dow's 20 winners today.Still, with the tariff news in mind, investors likely expected better than the Nasdaq Composite gaining just 0.28% while the S&P 500 added a mere 0.27%. Quick ReminderAs a reminder, Disney (NYSE:DIS) reports fiscal fourth-quarter results after the close today. The entertainment giant gained 1.2% today in advance of that report. With another quarter of the Fox content library in the books and the Disney + streaming service just getting off the ground, analysts and investors will be anxiously awaiting commentary from Disney management on those items, among others."Streaming investments are forecast to weigh on Disney's bottom line in its fiscal fourth quarter. The company is expected to report 95 cents in adjusted earnings per share, down from $1.48 in the same quarter in 2018. Revenue is estimated to come in at $19 billion, versus $14 billion last year," according to Barron's.On lighter news, managed care provider UnitedHealth (NYSE:UNH), a stock that has made a few appearances in the "Dow Jones Today" space in recent months, added 2.3% today. I mention this because for the bulk of this year, UNH and rival managed care providers have languished amid political headwinds. But the group seems to be moving past the doomsday Medicare For All scenario. UNH's nearly 14% gain over the past month proves as much. Fighting Off Bad PRShares of Nike (NYSE:NKE) added 1% today, an impressive move considering the company is dealing with some poor public relations.In an op-ed in The New York Times, track and field athlete Mary Cain, formerly a member of Nike's Oregon Project, made damning comments about Alberto Salazar, the program's coach."I joined Nike because I wanted to be the best female athlete ever. Instead I was emotionally and physically abused by a system designed by Alberto [Salazar] and endorsed by Nike," Cain stated.Cain said the program forced her to lose weight to increase her performance and that she suffered mental and physical harm as a result. Value PlaysExxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX), the two largest domestic oil companies and both Dow components, were boosted today by the aforementioned trade news.Additionally, each of the Dow's four financial services components closed higher. Combining these two sectors in this conversation is relevant because both energy and financial services are viewed as value destinations and there continues to be talk of a value resurgence."We've had a growth scare, and we're coming out of that. And what was priced for worse than a growth scare were the value, the cyclical stocks," said Morgan Stanley Investment Management's Andrew Slimmon in a recent CNBC interview. "Those value stocks are the big opportunity, and they're starting to rally." * 10 Best Stocks to Buy and Hold Forever Bottom Line on the Dow Jones TodayKeeping with the value theme, investors need not fear this concept because, as highlighted by energy and financials, there are some sectors where cyclicality and value intersect. For those looking to play defense without paying up on valuation for consumer staples and utilities, healthcare, one of the Dow's larger sector weights, makes sense."Thanks to its noncyclical business, Health Care historically outperformed the broader market in six of seven US recessions by an average of 10% and in eight of 11 slowdowns by an average of 5% on a cumulative basis since 1960. This provides a strong defensive exposure in the current slowdown environment," according to State Street.As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Sell Before They Roll Over * 5 Beaten-Up Stocks to Buy That Could Be Saved By An Acquisition * 4 Startup Stocks Getting Smashed The post Dow Jones Today: Investors Wonder What Could Have Been appeared first on InvestorPlace.